Advanced Placement (AP) Microeconomics Course Description

AP Microeconomics

AP Microeconomics is a one-semester course that focuses on how economic decisions are made by individuals, firms, and organizational structures. Supply-and- demand analysis is developed to demonstrate how market prices are determined, how those prices determine an economy’s allocation of goods and services, how factors of production are allocated in the production process, and how goods and services are distributed throughout the economy. We evaluate the strengths and weaknesses of economic decision makers by using the concepts of efficiency and equity. We also analyze and evaluate the effects of government intervention. Emphasis is placed on reasoned logical argument so that we can use economics as a method and model for decision making.